How to get success with global sourcing

How to get Success with Global Sourcing

Submitted By: http://www.dragonsourcing.com/

Introduction â–ş Global sourcing is known as practice of sourcing services and goods from global market across geopolitical boundaries. â–ş It is a procurement strategy in which organization tries to look for a reasonable place to make products or services.

Labor Cost is Reasonable â–ş Generally companies look for global sourcing to enjoy the advantage of low cost. â–ş But they should also remember that the quality of the product must not be sacrificed for the sake of low cost.

Easy Location â–ş After getting engage with a manufacturer, you may need to visit them occasionally to examine their facility. â–ş Select a market where traveling is not so costlier and is visitor friendly.

Comfortable with the language â–ş In a global business interaction is very important. â–ş It is essential for you that your provider understand your language and you also understand their language.

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